AXIATA ( 6888 : 5.29 ) : Key support 5.15
Description
Resistance : 5.58
Support : 5.15 5.23
RSI of 54
RSI is neutral
STOCHASTIC
It is oversold, indicating a technical rebound
Comment
The current pullback from 5.44 is on a limited downside, with support at 5.23. A technical rebound is likely, with resistance around 5.58. Caution is a downside breach of 5.15, which will be negative
Trading Strategy
Buy. Stop loss is at 5.15
Source:Jupiter Securities Research 30 April 2012
No comments:
Post a Comment